Sony Is Officially Working on a Next-Gen Console

They won't call it PlayStation 5 right now, but Sony has finally confirmed that, yes, it has another console on the way.

Speaking to the Financial Times, Sony CEO Kenichiro Yoshida said “At this point, what I can say is it’s necessary to have a next-generation hardware”. Yoshida wouldn't commit to a name, or explain what form that hardware would take.

Watch the video below to see what features we hope to see from PS5.

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It's not an enormous surprise that Sony would have begun development on a new console – not least because multiple games have already been announced for next-gen consoles. However, Sony openly admitting that it is working on hardware has led some to conclude that a formal announcement could be closer than expected.

The FT reports that its sources have said that the upcoming console "might not represent a major departure from the PS4, and that the fundamental architecture would be similar."

Following the success of Nintendo's hybrid Switch, and the announcement of Microsoft's Project xCloud – aiming to allow players to run games on any internet-enabled device – there has been speculation about whether Sony would take similar approaches to one or both.

The Biggest PS4 Limited Editions

10+ IMAGES

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Artboard 3 Copy

Artboard 3

ESC

01 OF 29

500 Million
What's in it: A matching controller, vertical stand, and camera
Availability: Worldwide, still available for purchase

01 OF 29

500 Million
What's in it: A matching controller, vertical stand, and camera
Availability: Worldwide, still available for purchase